Friday, December 18, 2015
America's Bank: The Epic Struggle to Create the Federal Reserve
America’s Bank: The Epic Struggle to Create the Federal Reserve, Roger Lowenstein turns to the beginning of the twentieth century and the environment that led to a truce between the Hamiltonian and Jeffersonian traditions. One would think that the story of the creation of the Federal Reserve would make for boring reading, but Lowenstein enlivens the narrative with fine writing and insight into the key players who got this done. The differences between those citizens who want a strong central government and those who favor more local control and discretion represent a key element in contemporary politics. Having seen the power of the Federal Reserve during the recent financial crisis, there are critics who would like to see the Fed curtailed or eliminated, and those who support how the Fed helped avoid what could have been a global economic depression. Readers interested in public policy and economics will find a lot to enjoy in this book. Rating: Four-star (I like it) Click here to purchase America’s Bank from amazon.com.